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Market Conditions in Hennepin County : Real Estate Advice

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  • Local Info0
  • Home Buying7
  • Home Selling0
  • Market Conditions0

Activity 70
Katie Harry, Real Estate Pro in Princeton, MN
Wed Feb 10, 2016
Katie Harry answered:
make sure you use the shore to your advantage, Spring/Early Summer... It's not uncommon for more expensive houses to sit longer, so plan to have it listed early, so you have the entire summer to highlight the lake/beach/landscaping etc. The market is going to blow-up with new listing over the next couple of weeks, just an FYI. Know the comps. A strong agent will help you prep and should do all of this thinking for you!


Katie Harry, MRP
Certified Veterans Home Buying Agent
651,331,9664
katie.harry@kw.com
Keller Williams Realty Integrity NW
... more
0 votes 1 answer Share Flag
Josh Lund,  in Minneapolis, MN
Thu Aug 20, 2015
Josh Lund answered:
Hello Bbaune,
Good morning.
Small world I have a buddy Jon Laleman who grew up in the Tradewinds. Nice and close to the New Hope pool and police Station. Also now a NEW Hy-Vee grocery store too. Close to many schools, YMCA, Lifetime Fitness, shopping and restaurants.
Are you in the market to buy a home? If so, I would love to see if we can help you out. We work with 1st time home buyers all the time. Do you have a realtor yet? If not we have preferred ones we can get you in contact with. I would like to see if I can help you out with a home mortgage. I will try and make this a very easy process. Please let me know how to help out.
Thanks much.
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
jlund@goldstarfinancial.com
... more
0 votes 2 answers Share Flag
Josh Lund,  in Minneapolis, MN
Mon Aug 3, 2015
Josh Lund answered:
Hello Jamesregan07,
Good morning.
you were thinking that home values were dropping fast in 55415. We are seeing values hold or rise. We should talk about the area, or about your specific property in mind. Are you in the market to buy a home? If so, I would love to see if we can help you out. We work with 1st time home buyers all the time. Do you have a realtor yet? If not we have preferred ones we can get you in contact with. I would like to see if I can help you out with a home mortgage. I will try and make this a very easy process. Please let me know how to help out.
Thanks much.
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
jlund@goldstarfinancial.com
... more
0 votes 1 answer Share Flag
Dan Winters, Real Estate Pro in Eden Prairie, MN
Sat Jul 11, 2015
Dan Winters answered:
Kristi,

Take a look at my website, www.thedanwinters.com, you can use the market insider tool to take a look at a specific zip code and get a great idea of what the average price is, it will all depend on state of the home, location, upgrades and finishes.

Give me a call or shoot me an email and I can give you a more in depth look at that specific type of home in that location as well.

Dan Winters
REALTOR
Coldwell Banker Burnet
651-270-6366
danwinters@cbburnet.com
www.facebook.com/danwintersrealtor
... more
0 votes 2 answers Share Flag
Josh Lund,  in Minneapolis, MN
Thu Jun 25, 2015
Josh Lund answered:
Hello Kevo,
Good comments by others a well.
I would double check with your county or City for specific guidelines. On most websites the below ground is listed ( basement ) This is much more common in the Northern States. States like Texas rarely have basements at all. Many appraisers value the lower lover / basement 50% Hope this helps with your question.

Please Contact me
952 884 5442 office Goldstar Mortgage
333 Washington Ave Ste# 101
Minneapolis, MN 55401
... more
0 votes 7 answers Share Flag
Josh Lund,  in Minneapolis, MN
Tue Jun 23, 2015
Josh Lund answered:
Hello Rae Burkhalter,

Good morning.
Here is info for you on Minneapolis Washburn High School is a four-year public high school serving grades 9–12 in Minneapolis, Minnesota. By enrollment, Washburn is the third-largest high school in the Minneapolis Public School District.

201 West 49th Street
Minneapolis, Minnesota, 55419
USA


I hope this helps. If you need any help on looking at properties around Washburn High or need any mortgage questions I'd be happy to help. We will try and make it a very easy process for you.

Please contact me at Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
Apply now at: www.joshlundmortgage.com
jlund@goldstarfinancial.com
“Like” my professional page on facebook at www.facebook.com/JoshLundMortgage
... more
0 votes 6 answers Share Flag
'Kirby Ehrre…, Home Buyer in Shoreview, MN
Mon May 4, 2015
'Kirby Ehrreich answered:
Gleason Lake Elementary, West Wayzata Middle , Wayzata High
0 votes 2 answers Share Flag
Matthew Bode…, Real Estate Pro in Andover, MN
Sun Mar 29, 2015
Matthew Bodeman answered:
The MLS lists the $350 association fee as monthly. It covers snow/lawn care, outside maintenance, water/sewer, building exterior, professional Management. Heat is not listed as being covered with the fee. However, for most of the condos in the area heat is included along with the other things I listed. ... more
0 votes 1 answer Share Flag
Nick Leyende…, Real Estate Pro in Wayzata, MN
Fri Jan 23, 2015
Nick Leyendecker answered:
I would argue that the market peaked/plateaued at the very end of 2006/beginning of 2007. The market declined for about a year before the financial crisis set in, in 2008. Google "U.S. Housing Bubble images" or "Case-Schiller Home Price Index" and you will find graphs that support this.

Nick Leyendecker Real Estate Team | Coldwell Banker Burnet
612.888.HOME | 952.388.0000 | info@nickleyendecker.com
... more
0 votes 2 answers Share Flag
Elizabeth Si…, Real Estate Pro in Minneapolis, MN
Sun Oct 19, 2014
Elizabeth Sibet answered:
Are you referring to the Andersen Unity Community School?

http://andersenunitedcommunity.mpls.k12.mn.us/
0 votes 1 answer Share Flag
Brian Marcus, Real Estate Pro in Maple Grove, MN
Tue Oct 14, 2014
Brian Marcus answered:
This is right on the edge but ends up being Maple Grove Senior High. Hope that helps! Please let me know if you have any other questions about the area!
0 votes 1 answer Share Flag
Christopher…, Real Estate Pro in Bloomington, MN
Wed Oct 1, 2014
Christopher Block answered:
Hey Diane!

Here are a couple questions I would ask:

1) What price point are you trying to sell at, and what is the listing history like for Eden Prairie currently? A Realtor could analyze this and tell you how long it will take to sell, and what the current market looks like.

2) This plays into the rental situation, which may be the most important part to analyze. Will the renters still be in the home while you sell it, or are you going to try and sell with them in it? Our answers to question #1 may play into your decision. Also, generally it is tougher to sell a home with tenants because you are required to give them 24hr. notice for showings. This hurts show-ability of the home since most buyers, and their agents, will request one within 6 hours the same-day.

You also have to rely on the tenants to keep the home clean, and present it at its best. If the home is dirty during showings that will hurt your bottom line.

3) You are preparing the home for sale, but have you sought out any professional advice from a Realtor and/or stager? Prepping the home is my #1 topic with sellers when listing a home. I work with buyers every day showing homes, so I tend to think I have a pretty good idea of what they like in homes and more importantly what they don't.

It does not have to be thousands of dollars many things are small; but they can make a huge impact on your bottom line.

4) Does it effect you selling now versus the spring? In other words, are there any external variables that makes selling in November make more sense than waiting?


There are some more items we would discuss during a listing appointment but these are the big ones. From there it is just a matter of deciding if you will make more money waiting till spring, and if the overall selling situation is better for you.

What I can say Diane is that you are in a good zip code that has done nicely this year as far as price improvements go. However, overall the market for the past 2 months has been moving towards a more "balance" market. Inventory has been rising while pendings are down. My personal opinion is that 2015 will still see a very small price gain (1 to 3%), but for the majority of markets in the twin cities it will be even.

But spring is a long way from now, and from a sellers standpoint we are heading in the wrong direction. Timing the market without very concrete evidence (like we had for 2013 & 2014) can backfire. All I can say in summary is that if you sell now it is definitely at the top of the market where you will enjoy the price gains that happened over the summer.

I hope this helps. I would love to talk more with you about all of these and answer any questions you have Diane. Feel free to get in contact with me and good luck on the home selling!

I always recommend checking out our past client testimonials on Trulia (our profile pages). It is a great way for you to get to know us Realtors.

Christopher Block
Bridge Realty
651-307-7663
chrisblock@thebridgerealty.com
... more
0 votes 3 answers Share Flag
Joel Johnson, Real Estate Pro in Blomington, MN
Tue Aug 19, 2014
Joel Johnson answered:
An association fee is typically a monthly fee charged by a homeowner's association to each of its members. You'll typically find a homeowners association (aka HOA) in control of condominium and townhome projects. ... more
0 votes 2 answers Share Flag
Tyler Russ, Real Estate Pro in North Oaks, MN
Fri Aug 15, 2014
Tyler Russ answered:
Merissa,
The association fee is $315/Month and it covers Sanitation, Snow/Lawn Care, Outside Maintenance, Hazard Insurance, Water/Sewer, Building Exterior, Professional Mgmt

Unfortunately this home is sold subject to an inspection, I am sorry!

If you have any other questions about homes in the area, I would be happy to answer directly. Feel free to call, text, or email.

Best regards,

Tyler Russ
Coldwell Banker Burnet
Tyler@cbburnet.com
651-472-3325
... more
1 vote 1 answer Share Flag
Lance Watkins, Real Estate Pro in Edina, MN
Thu Apr 10, 2014
Lance Watkins answered:
Give me a call or email and we can answer your questions.
0 votes 1 answer Share Flag
Cody Anderson, Real Estate Pro in Minneapolis, MN
Thu Mar 27, 2014
Cody Anderson answered:
4305 Nokomis Avenue , Minneapolis, MN 55406

Status: Sold List Price: $229,900
Sold Price: $223,865
Seller Cont: $
Original List Price: $232,000

Closing date was 2/24/2014 ... more
0 votes 4 answers Share Flag
Cody Anderson, Real Estate Pro in Minneapolis, MN
Thu Mar 27, 2014
Cody Anderson answered:
Hi Jacqueline,

You should contact www.apartmentguide.com for information on their rentals.

If you are interested in discussing a purchase..Give me a call sometime!

Take care!

My Results Blog

Cody Anderson, MN Licensed Realtor
RE/MAX RESULTS

Metropolitan Home Team

Phone: 612-242-5752

Email: Cody@MetropolitanHomeTeam.com
... more
0 votes 2 answers Share Flag
Zachary Neum…, Real Estate Pro in Edina, MN
Tue Mar 25, 2014
Zachary Neumann answered:
What is your question concerning this property? I'd like to help you out with any questions you have. Contact me directly and lets see what we can do!
0 votes 1 answer Share Flag
Steve Vennem…, Real Estate Pro in Pine Springs, MN
Fri Mar 14, 2014
Steve Vennemann answered:
anytime you use a internet company verses a person you will get errors. same thing with zillow. http://www.mnlakeplace.com/contract-for-deed-1
0 votes 12 answers Share Flag
Sandy Ericks…, Real Estate Pro in Vadnais Heights, MN
Fri Feb 7, 2014
Sandy Erickson answered:
Give us a call! We'd love to get together and go over our services and take a look at the home. We can give you a market report of your property. Market really picks up end of Feb.

Sandy Erickson Real Estate Team
Keller Williams Integrity Realty
Direct: 651-269-3487
Email: Kayla@SandyErickson.com
Website: www.ericksonteamhomesearch.com
... more
0 votes 23 answers Share Flag
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